OMERS ADMINISTRATION Corp Grows Stock Position in Hewlett Packard Enterprise Company $HPE

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Hewlett Packard Enterprise by 24.8%, acquiring an additional 30,130 shares, bringing its total holdings to 151,662 shares valued at approximately $2.34 million.
• CEO Antonio F. Neri sold 166,666 shares of the company’s stock, representing a 7.99% decrease in ownership, while corporate insiders have sold a total of 378,590 shares in the last 90 days.
• Recent analyst upgrades have raised the target price for Hewlett Packard Enterprise, with ratings ranging from "Buy" to "Moderate Buy", and an average target price increase to $23.27.

OMERS ADMINISTRATION Corp lifted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 24.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 151,662 shares of the technology company's stock after purchasing an additional 30,130 shares during the period. OMERS ADMINISTRATION Corp's holdings in Hewlett Packard Enterprise were worth $2,340,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Forum Financial Management LP increased its holdings in shares of Hewlett Packard Enterprise by 2.2% in the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after acquiring an additional 515 shares during the period. Colonial Trust Co SC raised its holdings in shares of Hewlett Packard Enterprise by 16.4% in the fourth quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock valued at $94,000 after buying an additional 622 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 1.0% during the fourth quarter. Lido Advisors LLC now owns 71,024 shares of the technology company's stock worth $1,526,000 after buying an additional 691 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 2.3% during the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock worth $492,000 after buying an additional 699 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Hewlett Packard Enterprise by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company's stock valued at $1,089,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Ratings Changes

HPE has been the topic of several analyst reports. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. KeyCorp started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. Finally, Barclays raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.33.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded up $0.14 on Tuesday, reaching $22.71. The stock had a trading volume of 27,782,398 shares, compared to its average volume of 18,866,586. The firm has a 50-day moving average of $20.88 and a 200 day moving average of $18.32. The firm has a market capitalization of $29.80 billion, a PE ratio of 22.94, a PEG ratio of 3.28 and a beta of 1.43. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio is presently 52.53%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 378,590 shares of company stock worth $8,106,833. 0.36% of the stock is owned by insiders.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.